Canaccord Genuity Group Upgrades Man Group (LON:EMG) to "Buy"

Canaccord Genuity Group upgraded shares of Man Group (LON:EMG - Free Report) to a buy rating in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has GBX 272 ($3.48) target price on the investment management company's stock, up from their previous target price of GBX 194 ($2.48).

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 280 ($3.58) price objective on shares of Man Group in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Man Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 295 ($3.77).

Man Group Trading Up 2.3 %

Man Group stock traded up GBX 4.82 ($0.06) during mid-day trading on Wednesday, hitting GBX 213.82 ($2.73). 3,202,003 shares of the company's stock were exchanged, compared to its average volume of 4,498,930. Man Group has a fifty-two week low of GBX 196.87 ($2.52) and a fifty-two week high of GBX 279.23 ($3.57). The company has a quick ratio of 1.58, a current ratio of 3.23 and a debt-to-equity ratio of 29.95. The firm has a market capitalization of £2.46 billion, a P/E ratio of 1,071.00, a PEG ratio of -1.15 and a beta of 0.71. The company's 50 day simple moving average is GBX 207.71 and its 200-day simple moving average is GBX 226.34.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 49,158 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of GBX 212 ($2.71), for a total value of £104,214.96 ($133,148.03). Insiders own 0.95% of the company's stock.

About Man Group

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.